ICRA assigns ‘A1’ rating to IL&FS Transportation’s commercial paper programme

17 Jan 2014

Credit rating agency, ICRA has assigned the ‘A1’ rating to Rs 200 crore commercial paper programme of IL&FS Transportation Networks (ITNL). The rating agency also has an outstanding rating of ‘A1’ on the company’s Commercial Paper programme of Rs 400 crore.  The company has received the said rating on the back of long-standing experience and expertise of its senior management personnel in the surface transportation sector and its strong project management and implementation abilities demonstrated in their road projects over a decade.

IL&FS Transportation Networks has been involved in the development, operation and maintenance of national and state highways, roads (including urban roads), flyovers and bridges in Andhra Pradesh, Delhi, Gujarat, Maharashtra, Karnataka, Uttar Pradesh, Kerala, Jharkhand and Rajasthan.

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